Saudi Arabia Approves Controls Pertaining to GCC Common Customs Law

An employee of the Zakat, Tax and Customs Authority at a Saudi port. (Asharq Al-Awsat)
An employee of the Zakat, Tax and Customs Authority at a Saudi port. (Asharq Al-Awsat)
TT

Saudi Arabia Approves Controls Pertaining to GCC Common Customs Law

An employee of the Zakat, Tax and Customs Authority at a Saudi port. (Asharq Al-Awsat)
An employee of the Zakat, Tax and Customs Authority at a Saudi port. (Asharq Al-Awsat)

The Saudi government has agreed to new controls regulating customs procedures, with the aim of aligning with the provisions of the GCC Common Customs Law system and its executive regulations.

The Common Customs Law System for the Gulf Cooperation Council (GCC) countries was issued to unify customs procedures and regulations within the GCC, in accordance with the relevant international agreements.

According to information obtained by Asharq Al-Awsat, the new controls seek to clarify and simplify customs procedures for all parties concerned with the import and export of goods, and to indicate the mechanism for implementing all relevant customs procedures.

According to the new regulations, a copy of which was reviewed by Asharq Al-Awsat, personal effects and household goods brought by citizens residing abroad for a period exceeding six months, and foreigners coming to reside in the Kingdom for the first time, are exempt from customs duties.

Parcels and personal postal consignments are also exempted according to the conditions and controls set forth in the Common Guide for Customs Procedures.

In addition, the new controls exempt commercial samples imported into the Kingdom, provided that their customs value does not exceed SAR 5,000 ($1,300).

To benefit from these exemptions, all documents supporting the relevant requests must be submitted in accordance with the statutory periods specified for them.

Goods may be entered and transported to any other place within the country without paying customs duties, after submitting a cash, bank, or documentary guarantee, in accordance with the provisions of the Common Customs Law and its Executive Regulations.



Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
TT

Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met in Riyadh with Italian Minister of Environment and Energy Security Gilberto Pichetto Fratin to explore avenues for cooperation across various energy sectors.

The two sides signed on Tuesday a memorandum of understanding (MoU) to strengthen collaboration between Saudi Arabia and Italy, serving their shared interests.

The MoU focuses on key areas such as energy transitions and security, renewable energy, electricity interconnection, energy efficiency, geothermal energy, methane emissions reduction, advancing energy storage solutions, petroleum, natural gas, and conventional and transitional fuels.

It also addresses enhancing the stability and reliability of petroleum and natural-gas markets, reducing market volatility, and improving energy supply security and supply chains.
The agreement highlights innovation and technology, such as hydrogen project development, climate-change mitigation solutions, the circular carbon economy, and carbon capture, utilization, and storage. Additionally, it emphasizes digital transformation, cybersecurity, and artificial intelligence in the energy sector while fostering joint initiatives to support engineering and construction projects in energy. These efforts align with the Paris Agreement and the 2030 Agenda for Sustainable Development.